Much ink has been used to write about Samsung’s outsized influence on South Korea’s economy. Yet, despite the various observations and controversies surrounding the country’s most valuable conglomerate, it’s also the only one with a truly global presence that’s recognized for its immense potential. Case in point, the list of 100 most influential people in […]
Read MoreSamsung Electronics Chairman Jay Y. Lee has been in and out of prison over different charges, including an 18-month stint behind bars in 2021. One of the more significant charges against him allege market irregularities in the merger that saw the Lee family solidify their control over the Samsung conglomerate. A court in verdict had […]
Read MoreLast month, Samsung unveiled its new foldable phones, smartwatches, and wireless earbuds. After the announcement, several people started mocking Samsung and accused it of copying Apple’s design language with the Galaxy Buds 3 and the Galaxy Watch Ultra, which reportedly made Samsung’s chief angry at the mobile division for plagiarism. Samsung chief Lee reportedly got […]
Read MoreAccording to a new report from The Chosun Daily, the Chairman of Samsung Electronics, Lee Jae-Yong, the Chairman of Hyundai Motor Group, Chung Eui-Sun, and the CEO of Tesla Motors, Elon Musk, are going to meet for dinner this weekend in Paris.Summarize in one-click with Galaxy AI Reportedly, the bosses of the three companies are […]
Read MoreSamsung Electronics is a longstanding sponsor of the Olympics. It aligned the second Unpacked event of this year along with the games in Paris this year, unveiling new foldables, new smartwatches, earbuds, and the Galaxy Ring at the event on July 10. With the Olympics due to kick off this week, Samsung Electronics Chairman Jay […]
Read MoreSamsung Electronics chairman Lee Jae-yong is reportedly on a trip to India to review the company’s local business performance. He is also expected to attend Anant Ambani’s wedding ceremony during his visit. Anant Ambani is the son of Mukesh Ambani, the world’s 11th richest person, and is richer than Nvidia’s Jensen Huang. Lee visits India […]
Read MoreSamsung has got a great thing going in Vietnam. The company’s factories in Vietnam earned a $1.2 billion profit in the previous quarter. This is also where Samsung phones are made primarily, and the company has made significant investments in other manufacturing facilities there. Vietnam’s Prime Minister Pham Minh Chinh is due to visit South […]
Read MoreWe recently reported that Samsung boss Lee Jae-yong traveled to the US on a business trip. He planned to meet the company’s important partners and discuss future strategies. After meeting Verizon CEO last week, Lee met the CEOs of tech giants Amazon, Meta, and Qualcomm this week and sought increased cooperation. Samsung boss Lee Yae-yong […]
Read MoreSamsung Electronics Chairman Lee Jae-yong recently met Verizon CEO Hans Vestberg to discuss how their companies can improve collaboration. Lee recently left South Korea to embark on a trip to meet Samsung’s close partners and various political figures across the world. Lee is visiting New York, Washington DC, and Silicon Valley in the US during […]
Read MoreSamsung Electronics is shoring up its ties with Zeiss, the only supplier of optical systems to EUV chipmaking machine manufacturer ASML, in a bid to strength its next-gen chip manufacturing capabilities. The company’s executive vice chairman Lee Jae-yong met with Karl Lamprecht, CEO of Zeiss, during a visit to Zeiss headquarters in Oberkochen, Germany. The […]
Read MoreSamsung Electronics chairman Lee Jae-yong has topped Forbes’ list of South Korea’s wealthiest people for the first time in his life. Lee’s net worth is KRW 15.81 trillion ($11.5 billion), which has recently risen by $3.5 billion. Lee Jae-yong becomes South Korea’s richest person for the first time The increase in Lee Jae-yong’s net worth […]
Read MoreMeta CEO Mark Zuckerberg is reportedly heading to South Korea next week. This would be his first visit to the country in over a decade as he last visited the country, which was his first ever trip to Korea, back in June 2013. There aren’t a lot of details about his trip available at this […]
Read MoreEarlier this week, a court in South Korea announced its verdict in the long-pending case related to the merger of Samsung Group’s affiliate companies. It was alleged that Samsung Electronics Chairman Lee Jae-yong was involved in market irregularities and illegally boosting the share price of Cheil Industries, one of Samsung Group’s affiliate companies. However, Lee […]
Read MoreSamsung is facing intense competition in the semiconductor market, largely due to TSMC’s increasing competitiveness as well as Intel’s comeback. The supply glut in the memory market and resulting price declines have already been quite painful for the company. It didn’t help that Samsung Chairman Lee Jae-yong’s absence due to his legal troubles prevented Samsung […]
Read MoreIt’s not uncommon for companies that have deep pockets to fuel growth through mergers and acquisitions. Samsung is certainly one with deep pockets as its cash reserves are in excess of $60 billion. However, the company has been out of the M&A market since 2017 when it acquired Harman for $8 billion. That might change […]
Read MoreSamsung Electronics chairman Lee Jae-yong has been found not guilty in the case that was connected to the controversial merger of Cheil Industries Inc. and Samsung C&T Corp. These companies were merged in 2015, and it was alleged that Lee Jae-yong was involved in stock price rigging and accounting fraud to solidify his position and […]
Read MoreSamsung, like many major Korean conglomerates that are led by the descendants of the founder, is as chaebol as they come. Chaebol refers to a diversified South Korean conglomerate that’s led by an individual or family. As you’d probably expect, the people in charge of these massive companies tend to be considerably wealthy. So it’s […]
Read MoreSamsung Electronics chairman Lee Jae-yong has been embroiled in several legal issues over the past decade, and he was sent to jail twice. However, he was pardoned and released from jail before the end of his jail term. Now, he is facing the same old charges once again, and this time, the prosecution has sought […]
Read MoreSamsung is adopting a “Senior Outside Director” system for two more of its branches, SDI and SDS. The decision, spearheaded by Lee Jae-yong, was reportedly made on October 26, as the company inaugurated Lee’s first anniversary as a Chairman. Samsung Electronics’ Board of Directors comprises five Executive Directors and six Independent Directors — also known […]
Read MoreYesterday, October 19, Samsung Executive Chairman Lee Jae-yong visited the construction site of the next-generation semiconductor R&D complex at the Giheung campus in South Korea. The leader inspected the construction site and held a management meeting with other Samsung executives, some of whom attended through video conferencing as they were overseas. The management meeting took […]
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